$SLP is currently positioned in a ranging market structure near its support level of 0.001303 USDT.
With a price of 0.00132 USDT and resistance at 0.001363 USDT, a breakout strategy might be prudent.
The RSI of 53.06 indicates neutral momentum, allowing for potential upward movement.
However, traders should monitor Bitcoin's activity as it can significantly influence altcoin performance.
Macroeconomic factors could also pose risks to price stability.
